Inflation in Zambia

Zambia Inflation | Economic News & Forecasts

Zambia - Inflation

Conditions seemingly improved further at the tail end of the third quarter and at the outset of Q4. The private sector PMI was higher overall in Q3 compared to the prior quarter, with September’s reading showing business conditions improved for the first time in five months. Additionally, October’s PMI hit an over three-year high and saw employment levels increasing for the fifth consecutive month, which, coupled with declining inflation, likely supported household spending. Moreover, the print showed that sentiment among firms continued to improve, which bodes well for investment. Meanwhile, in a bid to secure a lending program with the IMF by end-November, authorities recently presented the 2022 budget, which sees a sharp reduction of the deficit to 6.7% of GDP—from a projected 10.4% for this year—and plans to reintroduce mining tax breaks.

Zambia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)10.1  17.9  6.6  7.5  9.2  

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Zambia Inflation Chart


Zambia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Central Statistical Office

Zambia Facts

Value Change Date
Bond Yield33.000.0 %Dec 31
Exchange Rate14.090.0 %Jan 01
Stock Market0.30.0 %Jan 06

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